International Monetary Fund raised its 2017 global growth forecast

The International Monetary Fund has raised its 2017 global growth forecast indicating the gains due to manufacturing and trade in Europe, Japan and China. However, it has warned that protectionist policies would inhibit a broad-based recovery. The IMF has raised Japan’s 2017 growth projection by 0.4 percentage point from January, to 1.2 per cent, that of euro zone and China by a 0.1 percentage point growth forecast increase to 1.7 per cent and 6.6 per cent, respectively.